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WOOD DALE, Ill. and PARIS and AMSTELVEEN, Netherlands and CHONBURI, Thailand, Dec. 10, 2025 /PRNewswire/ -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, and Air France Industries KLM Engineering & Maintenance (AFI KLM E&M), a multi-product airline MRO, announced today the completion of the formation of xCelle Asia, which included the receipt of regulatory approval. This previously announced joint venture, located in Chonburi, Thailand, will overhaul nacelles for new generation aircraft.
Building on the success of AAR and AFI KLM E&M's existing joint venture in the Americas, xCelle Asia will provide unparalleled service and support for operators in the APAC region. Licensed by multiple OEMs, xCelle Asia can perform nacelle maintenance, repair, and overhaul services, including on-wing / on-site inspections, and rotable support for next generation aircraft nacelles, including GEnx, Trent1000, LEAP-1A/1B engine types. Other new generation aircraft and engine types will follow.
"This joint venture markedly expands our service offerings in the Asia-Pacific region and furthers our ability to deliver high quality, industry leading solutions to our customers," said Jim Berberet, Senior Vice President of Component Services at AAR. "We are looking forward to replicating our current success in the Americas by combining the experience of AAR's highly regarded Component Services team in Thailand with AFI KLM E&M's global network."
"The creation of xCelle Asia represents a major step forward in strengthening our global MRO network. By expanding our nacelle capabilities into the Asia-Pacific region, we are positioning ourselves to deliver world-class, next-generation support closer to our customers. This new venture reflects our commitment to innovation, sustainability, and operational excellence, and we are proud to bring our expertise to one of the world's most dynamic aviation markets," stated Benjamin Moreau, Senior Vice President of Strategy and Business Development at AFI KLM E&M.
About xCelle Asia
xCelle Asia is a joint venture established by AAR and Air France Industries KLM Engineering & Maintenance to service next generation aircraft nacelles. An FAA/EASA certified repair station, xCelle Asia combines the expertise of an airline and a third-party MRO to maintain, repair, and overhaul components for commercial operators across the APAC region. Additional information is available at https://www.aarcorp.com/en/services/component-services and www.afiklmem.com.
About AAR
AAR is a global aerospace and defense aftermarket solutions company with operations in over 20 countries. Headquartered in the Chicago area, AAR supports commercial and government customers through four operating segments: Parts Supply, Repair & Engineering, Integrated Solutions, and Expeditionary Services. Additional information can be found at aarcorp.com.
About AFI KLM E&M
Air France Industries KLM Engineering & Maintenance is a major multi-product MRO (Maintenance, Repair, Overhaul) provider. With a workforce of over 12,800, AFI KLM E&M offers comprehensive technical support for airlines, ranging from engineering and line maintenance to engine overhaul, aero structure, and fan thrust reverser support, as well as the management, repair, and supply of aircraft components, structured around a powerful logistics network. AFI KLM E&M supports almost 3,000 aircraft operated by 200 major international and domestic airlines. www.afiklmem.com
| This press release may contain certain statements relating to future results, which are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995, reflecting management's expectations about future conditions, including anticipated activities, benefits and opportunities related to the joint venture. Forward-looking statements may also be identified because they contain words such as ''anticipate,'' ''believe,'' ''continue,'' ''could,'' ''estimate,'' ''expect,'' ''intend,'' ''likely,'' ''may,'' ''might,'' ''plan,'' ''potential,'' ''predict,'' ''project,'' ''seek,'' ''should,'' ''target,'' ''will,'' ''would,'' or similar expressions and the negatives of those terms. These forward-looking statements are based on beliefs of management, as well as assumptions and estimates based on information currently available to management and are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or those anticipated. For a discussion of these and other risks and uncertainties, refer to "Risk Factors" in AAR CORP.'s most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. Should one or more of these risks or uncertainties materialize adversely, or should underlying assumptions or estimates prove incorrect, actual results may vary materially from those described. These events and uncertainties are difficult or impossible to predict accurately and many are beyond management's control. Management assumes no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events. |
Contact:
Media Team
+1-630-227-5100
Editor@aarcorp.com
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Logo - https://mma.prnasia.com/media2/2839678/5658661/Xcelle_Asia_Logo.jpg?p=medium600
WOOD DALE, Ill. and PARIS and AMSTELVEEN, Netherlands and CHONBURI, Thailand, Dec. 10, 2025 /PRNewswire/ -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, and Air France Industries KLM Engineering & Maintenance (AFI KLM E&M), a multi-product airline MRO, announced today the completion of the formation of xCelle Asia, which included the receipt of regulatory approval. This previously announced joint venture, located in Chonburi, Thailand, will overhaul nacelles for new generation aircraft.
Building on the success of AAR and AFI KLM E&M's existing joint venture in the Americas, xCelle Asia will provide unparalleled service and support for operators in the APAC region. Licensed by multiple OEMs, xCelle Asia can perform nacelle maintenance, repair, and overhaul services, including on-wing / on-site inspections, and rotable support for next generation aircraft nacelles, including GEnx, Trent1000, LEAP-1A/1B engine types. Other new generation aircraft and engine types will follow.
"This joint venture markedly expands our service offerings in the Asia-Pacific region and furthers our ability to deliver high quality, industry leading solutions to our customers," said Jim Berberet, Senior Vice President of Component Services at AAR. "We are looking forward to replicating our current success in the Americas by combining the experience of AAR's highly regarded Component Services team in Thailand with AFI KLM E&M's global network."
"The creation of xCelle Asia represents a major step forward in strengthening our global MRO network. By expanding our nacelle capabilities into the Asia-Pacific region, we are positioning ourselves to deliver world-class, next-generation support closer to our customers. This new venture reflects our commitment to innovation, sustainability, and operational excellence, and we are proud to bring our expertise to one of the world's most dynamic aviation markets," stated Benjamin Moreau, Senior Vice President of Strategy and Business Development at AFI KLM E&M.
About xCelle Asia
xCelle Asia is a joint venture established by AAR and Air France Industries KLM Engineering & Maintenance to service next generation aircraft nacelles. An FAA/EASA certified repair station, xCelle Asia combines the expertise of an airline and a third-party MRO to maintain, repair, and overhaul components for commercial operators across the APAC region. Additional information is available at https://www.aarcorp.com/en/services/component-services and www.afiklmem.com.
About AAR
AAR is a global aerospace and defense aftermarket solutions company with operations in over 20 countries. Headquartered in the Chicago area, AAR supports commercial and government customers through four operating segments: Parts Supply, Repair & Engineering, Integrated Solutions, and Expeditionary Services. Additional information can be found at aarcorp.com.
About AFI KLM E&M
Air France Industries KLM Engineering & Maintenance is a major multi-product MRO (Maintenance, Repair, Overhaul) provider. With a workforce of over 12,800, AFI KLM E&M offers comprehensive technical support for airlines, ranging from engineering and line maintenance to engine overhaul, aero structure, and fan thrust reverser support, as well as the management, repair, and supply of aircraft components, structured around a powerful logistics network. AFI KLM E&M supports almost 3,000 aircraft operated by 200 major international and domestic airlines. www.afiklmem.com
This press release may contain certain statements relating to future results, which are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995, reflecting management's expectations about future conditions, including anticipated activities, benefits and opportunities related to the joint venture. Forward-looking statements may also be identified because they contain words such as ''anticipate,'' ''believe,'' ''continue,'' ''could,'' ''estimate,'' ''expect,'' ''intend,'' ''likely,'' ''may,'' ''might,'' ''plan,'' ''potential,'' ''predict,'' ''project,'' ''seek,'' ''should,'' ''target,'' ''will,'' ''would,'' or similar expressions and the negatives of those terms. These forward-looking statements are based on beliefs of management, as well as assumptions and estimates based on information currently available to management and are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or those anticipated. For a discussion of these and other risks and uncertainties, refer to "Risk Factors" in AAR CORP.'s most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. Should one or more of these risks or uncertainties materialize adversely, or should underlying assumptions or estimates prove incorrect, actual results may vary materially from those described. These events and uncertainties are difficult or impossible to predict accurately and many are beyond management's control. Management assumes no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.
Contact:
Media Team
+1-630-227-5100
Editor@aarcorp.com
Logo - https://mma.prnasia.com/media2/2578174/5658660/AAR_and_AFI_KLM_Logo_v1.jpg?p=medium600
Logo - https://mma.prnasia.com/media2/2839678/5658661/Xcelle_Asia_Logo.jpg?p=medium600
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
AAR and Air France Industries KLM Engineering & Maintenance complete formation of xCelle Asia joint venture
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ABU DHABI, UAE, Dec. 10, 2025 /PRNewswire/ -- Open Stable Network (OSN) and the Blockchain Center Abu Dhabi (ADBC) today announced the signing of a strategic partnership at Abu Dhabi Finance Week (ADFW), making a milestone collaboration to advance compliant digital asset and stablecoin infrastructure in the United Arab Emirates (UAE). The partnership unites ADBC's deep regulatory and ecosystem expertise with OSN's leading technology and operational resilience to accelerate the development of digital financial infrastructure in the UAE.
OSN is a stablecoin FX exchange infrastructure that enables seamless global money movement between stablecoins and fiat currencies, while ADBC serves as a center for blockchain and Web3 innovation, investment and collaboration in the region.
Through this collaboration, OSN and ADBC will jointly establish OSN Abu Dhabi, a UAE-based digital asset platform designed to deliver scalable and interoperable stablecoin settlement solutions. The platform is set to empower institutions to adopt digital assets at scale while contributing to the UAE's vision of a diversified, innovation driven economy.
"Together with ADBC, we are charting a new chapter for digital finance in one of the world's most forward-thinking markets," said Lawrence Chu, Co-Founder of OSN. "Our shared vision is to make stablecoin infrastructure as seamless and trusted as traditional financial network, fueling new possibilities for cross-border payments and digital asset adoption from the UAE to the world."
"The UAE has become a global hub for financial innovation, and our partnership with OSN leverages this momentum," said Abdulla AI Dhaheri, CEO of ADBC. "By combining our regulatory expertise with OSN's state-of-the-art technology and operational resilience, we are building a digital infrastructure that will help shape the global future of compliant and connected finance."
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About Blockchain Center Abu Dhabi (ADBC)
The Blockchain Center Abu Dhabi is a leading regional hub dedicated to accelerating blockchain innovation and enterprise adoption across the Middle East. Supporting the UAE's vision for a digitally advanced economy, The Blockchain Center Abu Dhabi provides strategic guidance, technical expertise, and ecosystem development to government bodies, industry partners, and emerging technology companies.
Focused on enabling real world implementation of blockchain and Web3 technologies, the Center convenes global innovators, facilitates cross sector collaboration, and drives research backed initiatives that strengthen the region's digital infrastructure. Through its commitment to innovation, regulatory alignment, and industry advancement, The Blockchain Center Abu Dhabi plays a key role in positioning the UAE as a global leader in blockchain technologies.
Learn more: https://theblockchaincenter.ae
About Open Stable Network (OSN)
OSN, Open Stable Network, is a global on-chain FX settlement infrastructure enabling seamless cross-border money movement. Through robust APIs, we connect local currency stablecoins across jurisdictions, empowering banks, payment providers, and enterprises to move value instantly and securely.
Built on Web3 infrastructure, our mission is to create a trusted, resilient network for global settlements, bridging stablecoin and fiat rails to make digital payments truly borderless.
Connect Globally. Move Money Freely. Exchange On-Demand.
Learn more: www.OSNetwork.com / LinkedIn / X
ABU DHABI, UAE, Dec. 10, 2025 /PRNewswire/ -- Open Stable Network (OSN) and the Blockchain Center Abu Dhabi (ADBC) today announced the signing of a strategic partnership at Abu Dhabi Finance Week (ADFW), making a milestone collaboration to advance compliant digital asset and stablecoin infrastructure in the United Arab Emirates (UAE). The partnership unites ADBC's deep regulatory and ecosystem expertise with OSN's leading technology and operational resilience to accelerate the development of digital financial infrastructure in the UAE.
OSN is a stablecoin FX exchange infrastructure that enables seamless global money movement between stablecoins and fiat currencies, while ADBC serves as a center for blockchain and Web3 innovation, investment and collaboration in the region.
Through this collaboration, OSN and ADBC will jointly establish OSN Abu Dhabi, a UAE-based digital asset platform designed to deliver scalable and interoperable stablecoin settlement solutions. The platform is set to empower institutions to adopt digital assets at scale while contributing to the UAE's vision of a diversified, innovation driven economy.
"Together with ADBC, we are charting a new chapter for digital finance in one of the world's most forward-thinking markets," said Lawrence Chu, Co-Founder of OSN. "Our shared vision is to make stablecoin infrastructure as seamless and trusted as traditional financial network, fueling new possibilities for cross-border payments and digital asset adoption from the UAE to the world."
"The UAE has become a global hub for financial innovation, and our partnership with OSN leverages this momentum," said Abdulla AI Dhaheri, CEO of ADBC. "By combining our regulatory expertise with OSN's state-of-the-art technology and operational resilience, we are building a digital infrastructure that will help shape the global future of compliant and connected finance."
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About Blockchain Center Abu Dhabi (ADBC)
The Blockchain Center Abu Dhabi is a leading regional hub dedicated to accelerating blockchain innovation and enterprise adoption across the Middle East. Supporting the UAE's vision for a digitally advanced economy, The Blockchain Center Abu Dhabi provides strategic guidance, technical expertise, and ecosystem development to government bodies, industry partners, and emerging technology companies.
Focused on enabling real world implementation of blockchain and Web3 technologies, the Center convenes global innovators, facilitates cross sector collaboration, and drives research backed initiatives that strengthen the region's digital infrastructure. Through its commitment to innovation, regulatory alignment, and industry advancement, The Blockchain Center Abu Dhabi plays a key role in positioning the UAE as a global leader in blockchain technologies.
Learn more: https://theblockchaincenter.ae
About Open Stable Network (OSN)
OSN, Open Stable Network, is a global on-chain FX settlement infrastructure enabling seamless cross-border money movement. Through robust APIs, we connect local currency stablecoins across jurisdictions, empowering banks, payment providers, and enterprises to move value instantly and securely.
Built on Web3 infrastructure, our mission is to create a trusted, resilient network for global settlements, bridging stablecoin and fiat rails to make digital payments truly borderless.
Connect Globally. Move Money Freely. Exchange On-Demand.
Learn more: www.OSNetwork.com / LinkedIn / X
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
OSN and the Blockchain Center Abu Dhabi Announce Strategic Partnership to Accelerate Digital Asset and Stablecoin Infrastructure in the UAE
